local
Sharp drops in Big Tech companies pull indexes mostly lower on Wall Street
By DAMIAN J. TROISE and ALEX VEIGA, Associated Press at KXAN (NBC Austin) - All Stories
· June 23, 2026
· 1 min read
Wall Street gave up more of its recent gains Tuesday after a sell-off in big technology stocks spread from Asia back to the U.S. over worries about potentially higher interest rates by the end of the year. The S&P fell 1.4%. The benchmark index is coming off 11 weekly gains out of the last 12, [...]
Key takeaway The benchmark index is coming off 11 weekly gains out of the last 12, [...
Why this matters in The Barton Creek
The decline in Big Tech companies on Wall Street has implications for the Barton Creek community, where many residents are employed by or invested in the technology sector. With Austin being a major hub for tech companies, a downturn in the industry can have a ripple effect on the local economy. As the S&P index experiences a sharp drop, residents of Barton Creek may be concerned about the potential impact on their own investments and job security. The city's strong ties to the tech industry mean that fluctuations in the market can be felt locally, affecting everything from housing prices to small business revenue. As the market continues to react to concerns about interest rates, Barton Creek residents will be watching closely to see how the situation unfolds and what it may mean for their own economic prospects.
About this story
Original reporting by KXAN (NBC Austin) - All Stories . The Barton Creek surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KXAN (NBC Austin) - All Stories . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 23, 2026 ·
Source: KXAN (NBC Austin) - All Stories ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Wall Street gave up more of its recent gains Tuesday after a sell-off in big technology stocks spread from Asia back to the U.S. over worries about potentially higher interest rates by the end of the year. The S&P fell 1.4%. The benchmark index is coming off 11 weekly gains out of the last 12, [...]
When was this published? This article was first published on June 23, 2026 by KXAN (NBC Austin) - All Stories and curated for The Barton Creek readers.
Who reported this story? This story was reported by DAMIAN J. TROISE and ALEX VEIGA, Associated Press at KXAN (NBC Austin) - All Stories. To learn more about how The Barton Creek selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Barton Creek, or browse our daily briefing and topic hubs .
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